# Sharp spike in agro commodities over tepid farm output, high import prices | Commodity - Food & Edible Oils - Business Standard

> Business Standard reports that most Indian farm commodities have rallied for six weeks on lower-than-expected production and higher import prices. Crude palm oil rose more than 50% in six months after Malaysia's dispute with India, and wheat rose up to 12% after rain and heat hurt yields. Soybean and mustard crops were also damaged, and cold weather and pests threaten standing Rabi crops.

- Date: 2019-12-24 · published 2019-12-24T12:00:00.000Z
- Category: weather · region India · magnitude medium
- Page: https://feedsoft.ai/events/10020-sharp-spike-in-agro-commodities-over-tepid-farm-output-high-import-prices
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Crop damage and tighter palm oil supply are lifting domestic and import costs for feed and oilseed inputs. Further weather damage to Rabi crops could keep prices firm into 2020.

## Read by commodity

- SOY: bullish ▲
- WHEAT: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2016-11-24 | [Lower palm oil output into early next year likely to support prices - The Business Times](https://feedsoft.ai/events/6694-lower-palm-oil-output-into-early-next-year-likely-to-support-prices-the.md) | +3.8% | +5.0% |
| PALMOIL | 2026-04-29 | [Indonesia 2026 crude palm oil output to fall due to El Nino, high fertiliser prices, association says \| The Star](https://feedsoft.ai/events/19818-indonesia-2026-crude-palm-oil-output-to-fall-due-to-el-nino-high-fertiliser.md) | +2.8% | -1.1% |
| PALMOIL | 2026-07-28 | [Vegoils price commentary: CME soyoil futures down on sharply lower energy prices; CPO at highest in over a week - Fastmarkets](https://feedsoft.ai/events/8279-vegoils-price-commentary-cme-soyoil-futures-down-on-sharply-lower-energy-prices.md) | +0.7% | +4.7% |
| PALMOIL | 2021-08-23 | [Crop sowing lags in India on scanty rains, raises concerns over yields \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/45520-crop-sowing-lags-in-india-on-scanty-rains-raises-concerns-over-yields-economy.md) | +0.7% | +0.7% |
| PALMOIL | 2021-08-17 | [Palm oil stocks record stronger H1 revenue, profits on higher CPO prices, demand - The Business Times](https://feedsoft.ai/events/45660-palm-oil-stocks-record-stronger-h1-revenue-profits-on-higher-cpo-prices-demand.md) | -1.4% | -0.2% |
| WHEAT | 2017-10-04 | [Rabi crops at risk as muted monsoon cuts water level \| Commodity - Food & Edible Oils - Business Standard](https://feedsoft.ai/events/68440-rabi-crops-at-risk-as-muted-monsoon-cuts-water-level-commodity-food-and-edible.md) | +4.5% | +0.0% |
| WHEAT | 2020-06-02 | [Adverse weather conditions, lockdown to hit output of Rabi crops: Report \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/52591-adverse-weather-conditions-lockdown-to-hit-output-of-rabi-crops-report-economy.md) | +0.0% | +0.7% |
| WHEAT | 2026-01-31 | [High temperatures, low rains could impact rabi crops in Feb, says IMD \| India News - Business Standard](https://feedsoft.ai/events/20957-high-temperatures-low-rains-could-impact-rabi-crops-in-feb-says-imd-india-news.md) | -0.4% | +4.8% |

## Sources

- business-standard.com: https://www.business-standard.com/article/markets/sharp-spike-in-agro-commodities-over-tepid-farm-output-high-import-prices-119122400862_1.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.